ING Groep (NYSE:ING) Stock Holdings Cut by Ameriprise Financial Inc.

Ameriprise Financial Inc. reduced its holdings in shares of ING Groep (NYSE:ING - Free Report) by 6.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 730,564 shares of the financial services provider's stock after selling 48,094 shares during the quarter. Ameriprise Financial Inc.'s holdings in ING Groep were worth $11,448,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Northern Trust Corp lifted its position in shares of ING Groep by 48.2% during the fourth quarter. Northern Trust Corp now owns 4,161,116 shares of the financial services provider's stock worth $65,205,000 after purchasing an additional 1,353,054 shares during the last quarter. Natixis Advisors LLC lifted its holdings in ING Groep by 2.3% during the 4th quarter. Natixis Advisors LLC now owns 3,381,569 shares of the financial services provider's stock worth $52,989,000 after buying an additional 74,771 shares during the last quarter. Todd Asset Management LLC grew its position in shares of ING Groep by 1.6% in the 4th quarter. Todd Asset Management LLC now owns 2,771,941 shares of the financial services provider's stock worth $43,436,000 after acquiring an additional 42,851 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its position in shares of ING Groep by 7.4% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 1,774,430 shares of the financial services provider's stock valued at $27,806,000 after acquiring an additional 121,620 shares in the last quarter. Finally, Causeway Capital Management LLC lifted its stake in ING Groep by 38.8% during the fourth quarter. Causeway Capital Management LLC now owns 1,491,567 shares of the financial services provider's stock worth $23,373,000 after purchasing an additional 416,762 shares during the last quarter. Institutional investors own 4.49% of the company's stock.

Wall Street Analyst Weigh In

ING has been the subject of a number of recent research reports. The Goldman Sachs Group raised shares of ING Groep from a "neutral" rating to a "buy" rating in a research report on Thursday, March 27th. Cfra Research raised ING Groep from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, ING Groep currently has an average rating of "Moderate Buy".

ING Groep Stock Performance

ING stock traded down $0.30 on Friday, reaching $21.13. The company's stock had a trading volume of 2,678,120 shares, compared to its average volume of 2,279,821. ING Groep has a 52 week low of $15.09 and a 52 week high of $21.76. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $73.90 billion, a P/E ratio of 9.87, a price-to-earnings-growth ratio of 6.42 and a beta of 1.15. The firm has a fifty day moving average of $19.56 and a two-hundred day moving average of $17.60.

ING Groep (NYSE:ING - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.07). The business had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $5.74 billion. ING Groep had a return on equity of 11.81% and a net margin of 28.30%. As a group, analysts predict that ING Groep will post 2.14 EPS for the current fiscal year.

ING Groep Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 25th were given a $0.6526 dividend. This represents a yield of 5.1%. The ex-dividend date was Friday, April 25th. This is a positive change from ING Groep's previous semi-annual dividend of $0.17. ING Groep's dividend payout ratio is currently 64.45%.

ING Groep Profile

ING Groep N.V. provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally. It operates through five segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking. The company accepts current and savings accounts.